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post #1 of 18 (permalink) Old 02-12-2009, 12:51 PM Thread Starter
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Go oil go!!!

Crude Oil
$34.28
▼1.66 4.62%

Looks like oil and stocks are taking another dump today... Thankfully we will have a stimulus package

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post #2 of 18 (permalink) Old 02-12-2009, 12:56 PM
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Quote:
Originally Posted by 8mpg View Post
Crude Oil
$34.28
▼1.66 4.62%

Looks like oil and stocks are taking another dump today... Thankfully we will have a stimulus package
It's already "stimulating"!

CHL holder and Conservative...AKA "Domestic Terrorist"
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post #3 of 18 (permalink) Old 02-12-2009, 01:16 PM
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Quote:
Originally Posted by 8mpg View Post
Crude Oil
$34.28
▼1.66 4.62%

Looks like oil and stocks are taking another dump today... Thankfully we will have a stimulus package

I would trade $4.00 gas & a strong economy for $1.50 gasoline & recession anyday of the week.
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post #4 of 18 (permalink) Old 02-12-2009, 01:24 PM
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It doesnt matter... gas is going up
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post #5 of 18 (permalink) Old 02-12-2009, 01:25 PM
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I would trade $4.00 gas & a strong economy for $1.50 gasoline & recession anyday of the week.
$4 gas helped make the recession but anyway.
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post #6 of 18 (permalink) Old 02-12-2009, 01:26 PM
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post #7 of 18 (permalink) Old 02-12-2009, 01:29 PM
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Keep in mind how many hundred of Thousands of people would be layoffed if Oil continues to fall. Majority of those Rigs working Offshore are staffed with people from Mississippi, Louisana, Texas and Missouri. Everyone is happy about lower gas prices. But that Adversly affects a good chunk of people working Offshore.
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post #8 of 18 (permalink) Old 02-12-2009, 01:30 PM
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I would trade $4.00 gas & a strong economy for $1.50 gasoline & recession anyday of the week.
Will not happen. You've said that several times, and it would be devastating. I'm not sure it's even possible, but I'll bet we find out before Barry's gone.

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post #9 of 18 (permalink) Old 02-12-2009, 01:31 PM
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Originally Posted by 90lxstangman View Post
Keep in mind how many hundred of Thousands of people would be layoffed if Oil continues to fall. Majority of those Rigs working Offshore are staffed with people from Mississippi, Louisana, Texas and Missouri. Everyone is happy about lower gas prices. But that Adversly affects a good chunk of people working Offshore.
Keep in mind how many more bills/mortgages werent paid and how many people with maxed credit cards and how many people who stopped buying other things due to 100 dollar fill ups.

So you either effect oil workers with low oil or you effect everyone including oil workers with high oil when they have to put gas in their cars instead of paying bills, when shipping gets so expensive companies lose money, people stop buying products and companies lay off workers cuz they can not sale anything.

Your argument is stupid.
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post #10 of 18 (permalink) Old 02-12-2009, 01:35 PM
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Fact is some people live beyond there means. I fully understand the 100 dollar fillups. It affected me Traveling to Louisana every two weeks. But I kept things to a minimum and didn't blow money on luxury items. So I was able to budget the increase at the pumps.
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post #11 of 18 (permalink) Old 02-12-2009, 01:36 PM
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Fact is some people live beyond there means. I fully understand the 100 dollar fillups. It affected me Traveling to Louisana every two weeks. But I kept things to a minimum and didn't blow money on luxury items. So I was able to budget the increase at the pumps.
Yes but eventually since you stopped buying luxury items you affected some company that depended on people being able to afford those luxury items that you yourself just admitted people had to give up on whether they could afford them or not before the $4 gas.

Sorry for the run on.... very busy and just typing quickly with little thought.
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post #12 of 18 (permalink) Old 02-12-2009, 01:48 PM
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I do believe that the lower energy prices are helping the US economy right now. Imagine the same economic situation with $4/gallon gas.

Anyway, the oil situation will work itself out when the economy recovers. Oil has always been a boom or bust industry.
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post #13 of 18 (permalink) Old 02-12-2009, 01:52 PM
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I do believe that the lower energy prices are helping the US economy right now. Imagine the same economic situation with $4/gallon gas.

Anyway, the oil situation will work itself out when the economy recovers. Oil has always been a boom or bust industry.
Exactly... and every other industry is having layoffs why should we protect oil when it was robbing all of us a few months ago?

They will probably get a bailout anyway don't worry about them haha.
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post #14 of 18 (permalink) Old 02-12-2009, 02:41 PM
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LMMFAO @ the liberal-controlled Gov't giving the Oil Industry a bailout

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post #15 of 18 (permalink) Old 02-12-2009, 04:02 PM
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There is no fucking way the Govt would give the oil industry a bail out. Hell they Are doing everything can to prevent drilling in places that would actually produce. Also all of us who work in the industry do not work for companies like Exxon,Valero, Conoco Phillips, BP. Those Rigs are leased out to those companies. The only one out of that group that I know for sure owns a few Jack ups that is BP, and the is a very few number.
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post #16 of 18 (permalink) Old 02-13-2009, 12:40 PM Thread Starter
Cummins > Powerstroke
 
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little rebound today Crude Oil
$37.43
▲3.45 10.15%

2006 Dodge Ram Megacab Cummins
1969 Mustang Coupe
1969 Mustang Mach1
1969 Chevy C10
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post #17 of 18 (permalink) Old 02-13-2009, 08:12 PM
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It doesnt matter... gas is going up

Paid $1.99 for diesel today. Filled my truck up on $50 where six months ago it took a bit over $100 to do so...
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post #18 of 18 (permalink) Old 02-14-2009, 08:58 AM
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Paid $1.99 for diesel today. Filled my truck up on $50 where six months ago it took a bit over $100 to do so...
A month ago I paid 1.29 for gas. I paid 1.71 last night.
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